Nonprofits awarded $10 million in credits to boost housing

CTPost | June 30, 2019

Nonprofits awarded $10 million in credits to boost housing
The Connecticut Housing Finance Authority has awarded $10 million in special tax credits to encourage more affordable housing. State Housing Tax Credit Contributions, or HTCCs, were awarded this month to a dozen nonprofit developers and nonprofit housing loan funds that are developing 596 affordable units in 16 communities. Under the program, recipients can offer the tax credits to businesses in exchange for a cash contribution. Seila Mosquera-Bruno, chair of the authority's board of directors and Connecticut's housing commissioner, says the program provides nonprofits with access to private funding while offering businesses a chance to invest in affordable housing while reducing their tax liabilities.

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I love this infographic, because it grabs you right at the top with a great photo. It focuses not on the issue or on the organization itself, but the impact that sponsoring a child has on the world. If you are considering donating or sponsoring a child, this infographic aims to put your fears and co

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